Tel Aviv, Israel-based VentureIsrael has launched a new venture capital fund, which will invest in early stage deep-tech startups.
The fund’s initial closing has received support from private and institutional investors globally. The final closing is expected in the first half of 2021.
The vehicle’s investment strategy focuses on the companies with clear technological advantages, an experienced management team and a flexible business strategy.
The first investments are in a secure quantum communications system, an AI market research solution and a next-generation correspondent banking platform. VentureIsrael will also pay close attention to the Enterprise Software segment of Israeli early stage start-ups.
VentureIsrael is managed by five partners – all investment experts with diverse backgrounds:
- Michael Harte – former COO of Santander UK and Barclays;
- Roman Gold, Gadi Isaev and Alexander Zarankin of JSCapital – the Israeli investment platform; and
- Igor Turkin of Investment Management Group.
The headquarters are based in Tel-Aviv, with an international subsidiary in London.